Global demand for LED lighting products and LED-based lighting systems and services in 2018 will increase from 2013 by 190% and 180%, respectively, and global demand for LED lighting will begin to exceed that for conventional lighting products in 2017, according to Digitimes Research.
In contrast, global demand for conventional lighting products in 2018 will decrease 40% from 2013, Digitimes Research indicated.
Conventional lighting products are still and will be mainstream in developing and underdeveloped countries, with about 70% of such products being compact fluorescent lamps (CFLs) and fluorescent lamps. Average annual decreases in CFL use will be higher than that for fluorescent lamps mainly because CFLs will face increasing price competition from LED light bulbs.